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My Watchlist for Friday, September 23

Thursday, September 22, 2016 14:50
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(Before It's News)

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Affimed NV (NASDAQ:AFMD) should be on your watch screen. Early this month stock broke out above the 50-day EMA on high volume and has been consolidating above that since then. It was indecisive today, closing the day at $3 but the volume was huge, which make me think that another breakout could be seen in the near term. The bias remains neutral in nearest term as price still trapped in range area of $2.86-$3.20 as you can see on my daily chart above. I feel there is a bigger move coming, which is why I will be watching the stock again on Friday.

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Adverum Biotechnologies Inc (NASDAQ:ADVM) The bulls are still facing a resistance at the declining 100-day EMA but I suspect the stock is about to break out higher. I wouldn't be surprised to see the stock test the $4.80 area at some point over the next few days. I really like this chart and expect to see another upside move soon.

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I keep watching FORM Holdings Corp. (NASDAQ:FH), waiting for this stock to break out of its Bullish consolidation. Go long on a close above 2.72

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Tokai Pharmaceuticals Inc (NASDAQ:TKAI) was one of the better picks today and I am looking for the stock to continue this move. The next resistance level beyond today's high is the declining 50-day EMA at 2.07. On watch.

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Ocwen Financial Corp (NYSE:OCN) is currently testing its horizontal resistance area around the 3.72 level. An upside breakout above this level could be the start of a new uptrend for this stock.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

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